August 8, 2003
Firm plays key role in complex restructuring of troubled Italian retailer Gruppo Coin, including a €76.5 million loan to Finanziaria Coin.
The August 8 edition of the Italian financial daily Il Sole 24 Ore noted the firm’s role in the complex restructuring of troubled Italian retailer Gruppo Coin. The transaction involves (i) a €76.5 million loan to Finanziaria Coin, to be used to subscribe to the capital increase of the listed subsidiary Gruppo Coin; (ii) a medium term €150,000,000 loan to Gruppo Coin and another group company to refinance existing indebtedness and (iii) a €165,000,000 revolving loan. Willkie is recognized for assisting UBM, the investment bank that engineered the transaction. UBM is controlled by Unicredit Spa, a major Italian bank (and one of the main creditor banks). The deal was handled by partner Maurizio Delfino.
